Congresswoman McCollum Applauds Bipartisan State Effort to Restore Tax Equity for Minnesota Businesses; Argues Federal Action is Needed
For Immediate Release: April 12, 2012
Contact: Maria Reppas, (202) 225-6631 / (202) 527-0149 email@example.com
Washington, DC – Today, the Main Street Fairness Coalition held a press conference on St. Paul's Grand Avenue to announce a new effort to pass H.F. 1849, a bill introduced in the Minnesota legislature to give the state authority to collect sales taxes from out-of-state online retailers.
Minnesota small business owners were joined by Minnesota Department of Revenue Commissioner Myron Frans and a bipartisan group of state legislators to argue this legislation is urgently needed to protect Minnesota jobs and level the playing field for "bricks and mortar" businesses competing against national online retailers.
Congresswoman Betty McCollum (MN-04) is an original co-sponsor of legislation in Congress to restore tax equity for retailers (the Marketplace Equity Act, H.R. 3179) and strongly supports the legislative effort at the state level. McCollum is the only member of Minnesota's congressional delegation to co-sponsor the Marketplace Equity Act.
"I strongly support this bipartisan legislative effort in Minnesota to close the online tax loophole that places retailers in our state at an unfair disadvantage. Minnesota's main street businesses are an essential part of our communities, and they deserve a tax code that allows for fair competition.
Legislative action in Minnesota will increase the pressure for a federal solution that ensures a level-playing field for all retailers in the country. I am working in Congress to pass the Marketplace Equity Act to end the unfair tax advantage for online-only retailers that hurts Minnesota's business owners and employees."
The bipartisan Marketplace Equity Act will create a level playing field between local and online-only retailers. Currently, online-only retailers are not required to collect state sales tax if they do not have a physical presence in the state. H.R. 3179 grants states the authority to collect and remit sales taxes on online purchases.
Congresswoman Betty McCollum serves on the House Appropriations and Budget Committees.